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What is compensating errors

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What is compensating errors

Posted by Aman Deep 8 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Naveen Sharma 8 years, 5 months ago

Compensating errors happens while preparing trial balance, it happens when an error on debit side is compensated by an error on credit side and therefore it does not have any effect on the agreement of trial balance or in other words trial balance matches.

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